What is USD/CAD?

USD/CAD is the forex ticker that represents the US Dollar-Canadian Dollar currency pair. The USD/CAD rate, as indicated on the live chart, shows traders how many Canadian Dollars are required to buy one US Dollar. Follow the USD/CAD chart for live prices and stay up to date with the latest USD/CAD news, forecasts and analysis.

What is a chart analysis based on?

It can be based on one of the listed methods or combination thereof. The fundamental goal of the chart analysis is to identify where the price is going to move next. From a practical standpoint, to analyze the charts correctly, you need to understand when and what type of trade to open, and when to exit it.

What is indicator analysis & Candlestick analysis?

Indicator analysis: reading and understanding the signals of the trend indicators and oscillators; Candlestick analysis: finding candlesticks of various shapes and candlestick patterns based on which we can make conclusions about the further behavior of the price. Each of these methods allows performing forex chart analysis.

Why is CAD considered a commodity currency?

The CAD is considered to be a commodity currency because of the large amount of natural resources, especially oil, that are mined and exported to southern neighbors. The USDCAD is one of the most traded currency pairs in the world.